عربــى

Market is closed

EGX 30 13,728.09 -0.17%



Lift Slab set due & distribution date of stock split

Lift Slab set due & distribution date of stock split

ArabFinance:  Egyptian Developing Building Materials (Lift Slab) (EDBM) decided to split the par value of its share from EGP 6.20 to EGP 1.24 with maintaining the issued and paid capital unchanged at EGP 56,125,574.

The issued capital will be distributed over 45,262,560 shares instead of 9,052,512shares with a par value of EGP 1.24, according to the extraordinary general assembly (EGM) resolution dated Sept. 26, 2019.

The company said in a statement sent to the Egyptian Stock Exchange (EGX), the holders and buyers of the share, who will be recorded on Nov. 24, 2019, are entitled to trade the stock after splitting. It added the share will be trading starting Nov. 25, 2019.

#Related keywords

All rights reserved to Arab Finance 2015 ©

Back to top